Credit & Finance - What You Haven't Heard! Live Zoom

3011 Sutton Gate Drive, Suite 400,Suwanee GA 30024

28 January, 2021

Description

Let's review all the changes in the American credit and mortgage market and look at what's new for 2021. Live Video Streaming - Meeting ID# will be provided prior to class. During the Coronavirus situation, lenders have made adjustments to their underwriting guidelines in getting approved for a mortgage. Lenders are still funding loans. Their investor overlays have been adjusted. Lenders now treat credit card debt, medical collection accounts, and student loans completely differently than they have in the past, which is helping first-time home buyers and refinancing households. When lenders review your home loan application, they evaluate several criteria, such as your credit score, debt-to-income ratio, and maximum available down payment, as well as your job stability and history. Every applicant's situation is different, of course, but these are the major factors we consider. We will take a look at: New mortgage underwriting guidelines and loan limitsNew loan pre-qualification processNew buzz words in the housing industryAffordability and sustainabilityObtaining loan approval – how to maintain your pre-approval during housing huntingHow to pay off your home less than 30 yearsLet’s help the buyer know how much they can spend on a home so they can shop for homes within their price range and be ready for an offer negotiation. Sponsor: Liberty Mutual Insurance - Wes Prior, 770-407-2209 Instructor: Homestar Financial - Jay Millwood - 404-673-9503